Deductions & credits

Thanks Mike.

Mortgage balance on house 1 is $892,258.86

Mortgage balance on house 2 is $366,640.00

Total interest paid in 2020 = $37,976.10

I calculate the deductible ratio to be 0.709, and thus the claimable amount to be $26,925.00

The problem is that while the TurboTax 2020 calculated all the way to the deductible ratio, it never reduced the interest amount, but rather entered $37,976.10 on my return.

Also, the final check on T'Tax never picked this up.

I attach the T'Tax worksheet, which leaves the interest blank, though is it inserted it in the tax return.

I compile my return by using the step-by-step system in the program.